U.S. GAAP Codification of Accounting Standards

U.S. GAAP Codification   Accounting Standards, ASC

U.S. GAAP Codification of Accounting Standards
Codification Topic 835: Interest


U.S. GAAP Codification Updates
Principles of Accounting Intermediate Accounting Advanced Accounting
Accounting Terms


Codification Topic 835
Interest


Interest related topics

835-20: Capitalization of interest

For certain qualifying assets, interest costs are capitalized 
--> and included in determining the acquisition cost of asset


835-30: Imputation of interest

For notes exchanged for cash or other assets
1. If face amount of the note > cash or fair value of the asset
--> the difference is discount

2. If face amount of the note < cash or fair value of the asset
--> the difference is premium

3. discount or premium is amortized using "interest method"


320-10-35: Interest income from investments
--> Interest income is recognized in earnings

470-10-35: Interest cost of debt
--> Interest cost is recognized using interest method





   Codification Topic 835
   Interest
 
Subtopics of Codification Topic 835
 
   835-10 Overall
   835-20 Capitalization of interest
   835-30 Imputation of interest
 
Accounting Terms of Codification Topic 835-10
 
 
Accounting Terms of Codification Topic 835-20
 
   Activities
   Capitalization rate
   Expenditures
   Intended use
   Interest cost
 
Accounting Terms of Codification Topic 835-30
 
   Discount
   Imputed interest rate
   Interest method
   Premium







   Other Topics at the Codification 800 
Accounting Standards Codification, ASC, Overview
 
ASC Codification Topic 805: Business Combinations
ASC Codification Topic 808: Collaborative Arrangements
 
ASC Codification Topic 810: Consolidation
ASC Codification Topic 815: Derivatives and Hedging
 
ASC Codification Topic 820: Fair Value Measurements and Disclosures
ASC Codification Topic 825: Financial Instruments
 
ASC Codification Topic 830: Foreign Currency Matters
ASC Codification Topic 835: Interest
 
ASC Codification Topic 840: Leases
ASC Codification Topic 845: Nonmonetary Transactions
 
ASC Codification Topic 850: Related Party Disclosures
ASC Codification Topic 852: Reorganizations
ASC Codification Topic 855: Subsequent Events
 
ASC Codification Topic 860: Transfers and Servicing


   U.S. GAAP Codification of Accounting Standards
Accounting Standards Codification, ASC, Overview
ASC Codification 200: Presentation
ASC Codification 300: Assets
ASC Codification 400: Liabilities
ASC Codification 500: Equity
ASC Codification 600: Revenue
ASC Codification 700: Expenses
ASC Codification 800: Broad Transactions
ASC Codification 900: Industry

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